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Evening Standard Near Profitability After Going Free

08/14/2010 05:12 am ET | Updated May 25, 2011

It's 18 months since the mighty Rothermere empire shrugged sadly and sold its cherished Evening Standard to Alexander Lebedev for a quid, drawing a line under years of drooping sales and mounting losses (as high as £20m and counting). It's nine months since Lebedev's team courted incredulity by turning this tattered Standard free. And now, guess what? Sunny news in a grey old world. Maybe last week, next week or some week very soon, the Standard will be in profit. Not losing money, making it.

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